Find Great Tips &
Strategies Here that the
Banks Won’t Tell You
Determine if You Should Buy or Rent
Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision.
This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision.
- Enter all your monthly figures for each category where applicable.
These categories include credit card debt, auto loan debt, personal loans, real estate loans. We’ve included three additional loan options in case we missed any. Be sure to include the appropriate interest rate and term length for each category. - Enter the details of the new consolidated loan you are considering. Include details such as the loan balance of your new consolidation loan, the monthly payment amount you can reasonably pay, the interest rate or Annual Percentage Rate (APR) and the term of your loan, in months.
Rent vs Buy Calculator
This is the total of all your monthly expenses. This includes your expenses for housing, family, transportation, vacations, entertainment, loan payments, food, clothing, insurance and other miscellaneous items.
Input your income from your paycheque. You can enter your paycheque as well as your spouse's paycheque.
Any other income that you receive can be entered here.
View how your income is divided up between your income sources.
View breakdown of your monthly expenses.
* Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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